Whittier Trust Co. of Nevada Inc. Acquires 1,419 Shares of Mastercard Incorporated $MA

Whittier Trust Co. of Nevada Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 22.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 7,737 shares of the credit services provider’s stock after buying an additional 1,419 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Mastercard were worth $3,880,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MA. Vanguard Group Inc. boosted its stake in Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after acquiring an additional 466,514 shares during the last quarter. J. Stern & Co. LLP increased its stake in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares during the last quarter. State Street Corp raised its holdings in shares of Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mastercard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares during the period. Finally, Capital International Investors lifted its stake in Mastercard by 4.4% in the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after purchasing an additional 759,584 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the completion of the transaction, the insider directly owned 16,429 shares in the company, valued at $8,625,225. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

NYSE MA traded up $4.58 during trading hours on Tuesday, hitting $537.68. The company had a trading volume of 1,086,091 shares, compared to its average volume of 3,856,028. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $475.09 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.68 and a beta of 0.73. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The firm has a 50 day simple moving average of $497.92 and a 200 day simple moving average of $518.61.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.73 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 19.61 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 20.14%.

Analyst Ratings Changes

A number of research firms have issued reports on MA. Truist Financial decreased their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. UBS Group reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Evercore reissued a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Loop Capital reaffirmed a “buy” rating and set a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $654.31.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.